Consortia with Shell, Total win pre-salt block in Brazil

Reuters Staff

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RIO DE JANEIRO (Reuters) - A consortia led by Royal Dutch Shell Plc (RDSa.L) and including French major Total SA (TOTF.PA) won the right to explore Brazil’s pre-salt oil block, named Sul de Gato do Mato, during an auction on Friday.

The companies pledged 11.53 percent of the oil after costs to the government, oil regulator ANP said.